What does a Financial Accountant do?

Accountants are responsible for a wide variety of finance-related tasks that are primarily associated with preparing financial records. These tasks oftentimes include computing taxes and preparing tax returns, organizing and maintaining financial records, and ensuring statements are accurate. Accountants in the United States must perform all of this work while abiding by Generally Accepted Accounting Principles (GAAP).

Accountants generally have a bachelor's degree in accounting, finance, or a related field. In addition, many accountants have a Certified Public Accountant (CPA) credential, which is obtained by passing a national exam and a completing a minimum number of college coursework hours. Accountants usually fall into one of four categories: public accountant, management accountant, government accountant, or internal auditor.

  • Assist in the preparation of financial reports such as financial statements and budget performance
  • Ensure compliance with applicable standards (i.e. GAAP, FASB), rules, regulations, and systems of internal control
  • Aid in the implementation of new accounting policies, standards, and guidelines
  • Provide accurate, timely, and relevant recording, reporting, and analysis of financial information
  • Identify areas for improvement and implement improvements to processes
  • Assist with and act as the primary point-of-contact for auditor requests
  • Handle sensitive information in a confidential manner
  • Bachelor's degree in Accounting, Finance, or a related field, or an equivalent combination of education, training and experience
  • 2-5 years of accounting/finance experience
  • Demonstrate intermediate to advanced skills and knowledge of Excel, as well as other Microsoft Office applications
  • Strong analytical and problem-solving skills
  • Experience with accounting software
  • Excellent interpersonal skills to communicate effectively across the organization
  • Thorough knowledge of general ledger accounting and account reconciliation
  • Highly detail-oriented
EducationBachelor's Degree
Work/Life Balance
3.5 ★
Salary Range--
Career Opportunity
3.5 ★
Avg. Experience2-4 years

Financial Accountant Salaries

Average Base Pay

$64,609 /yr
Same as national average
Not including cash compensation
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$47K
Median: $65K
$89K
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Glassdoor Estimated Salary

Financial Accountant Career Path

Learn how to become a Financial Accountant, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L2
Accountant
$56,998/yr
L3
L4
See Career Path

Financial Accountant Insights

Read what Financial Accountant professionals have to say about their job experiences and view top companies for this career.
Matrix Technology SolutionsMatrix Technology Solutions
Staff Accountant
Jun. 17, 2020

“Matrix is an Innovative Company that focuses on promoting the best and making customers happy.”

Rosenberg Smith & PartnersRosenberg Smith & Partners
Staff Accountant
Oct. 26, 2020

“The people at the firm were really nice and many people were on the same career trajectory”

Supporting StrategiesSupporting Strategies
Accounting Associate
Jun. 8, 2021

“I didn't feel we were doing good accounting and felt like my loyalty was tested often”

LightspeedLightspeed
Senior Financial Accountant
Feb. 10, 2021

“I moved to Canada and started this position and it is the best decision I've made!”

Capstone NutritionCapstone Nutrition
Accounting
Jul. 14, 2020

“The pay wasn't the best and it felt like you needed to fight for a raise”

Veterinary Emergency GroupVeterinary Emergency Group
Staff Accountant
Dec. 20, 2019

“I recently started working with Veterinary Emergency Group and i think the people are awesome.”

Grand Canyon EducationGrand Canyon Education
Accountant I
Nov. 7, 2020

“Pay is not the best and there is a glass ceiling as far as career advancement.”

Sushee InfraSushee Infra
Accountant
Apr. 5, 2021

“Some times work under pressure but this is a good for me and my growth.”

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Financial Accountant Interviews

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Financial Accountant jobs